All articles by George McDade – Page 8
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NewsEducation key to lessen impact of climate disasters on those uninsured – RSA’s Ken Norgrove
Chief executive says communication is key to reducing losses
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NewsThree UK insurers earn spot on prestigious best workplaces list
Firms on the list were rated by their employees as supportive of personal and professional growth
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NewsMore UK insurance customers warming to AI use in industry
Comfort with insurers’ usage of AI is growing, especially among regular AI users
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NewsCar insurance premiums continue ‘retreat’ from all-time high in 2023
’The current trend of market consolidation and fear of losing scale to a handful of mega-insurers may be a contributor as insurers continue to drop rates to remain competitive,’ says head
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NewsAllianzGI appoints former Citi executive as chief economist
‘He joins us with a rare ability to be able to marry a deep understanding of both European and global long-term economic forecasting with short-term data interpretation,’ says leader
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NewsStrategic clarity needed to guide increasing AI uptake – Hyperexponential
‘The insurers who succeed will be those who treat it as a company-wide objective, not just a department-led experiment,’ says chief executive
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NewsNearly half of brokers turn to MGAs first for non-standard risk
‘The feedback from brokers underscores the crucial role MGAs play in the non-standard insurance sector,’ says director
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NewsSteady decline in UK brokers seen over last decade
‘There’s always a place for proper advice selling well-constructed and priced products that have been carefully thought through,’ says director
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NewsWidespread underinsurance a concern for majority of UK brokers – Aviva
‘Conversations about cover and premiums can be tough, especially when cost is front of mind for so many businesses,’ says director
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NewsAddept Insurance appoints new operations director as firm expands
‘Our successful legal expenses launch and the continued growth in new schemes across our wider portfolio has facilitated the expansion of our operational and claims infrastructure,’ says managing director
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NewsThe Clear Group moves three regional brokers into new Sheffield office
Intermediary’s regional managing director says the consolidation of three regional brokers into a central office represents a ’major commitment to Sheffield and the local business community’
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NewsGlobal investors still back the City – UK leads Europe in financial services investment
‘The strength and depth of the UK’s financial services sector continues to capture global investor confidence – particularly as they navigate challenging market conditions,’ says managing partner
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NewsMotor and home insurance premium falls accelerated in May
‘Insurers appear to be adjusting rapidly to shifting claims dynamics and competitive pressure, which is now manifesting as more pronounced reductions across a broader range of customer segments,’ says director
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News AnalysisGender pay gaps at UK insurers revealed – the best and worst performers
Insurance Times investigates the gender pay gaps at the biggest insurers listed within its annual Top 50 Insurers report
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NewsTravelers Europe appoints ex-Chubb head as new chief underwriting officer for business
The firm says the new appointee will help grow its retail and speciality businesses
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News AnalysisClaims handling the number one target for human led AI integration
Insurance industry professionals identified claims handling as the area ripest for automation, with many viewing human-AI partnerships as the key to blending efficiency and accuracy
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NewsOptio Group launches $150m PVT product with Lloyd’s backing
‘We’re excited to bring this enhanced solution to the market and continue strengthening our specialty capabilities with our partners,’ says leader
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News AnalysisSoftening market sees commercial premiums drop in all but one UK region
‘For brokers, a softening market entails an increased focus on rebroking to secure the best terms and a close examination of policy wordings to advise if cheaper [cover] fits the needs of clients,’ says director
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NewsAnnual payments would drive one in four customers to policy changes
‘Cancelling insurance cover is a major risk and, in many cases, will be a false economy if consumers have to fund major unexpected bills which they could have claimed for,’ says spokesperson
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NewsElectric and hybrid vehicles tackled in ABI salvage code update
‘It’s important the code moves with the times and this update reflects the increasing sophistication of our vehicles,’ says leader
